From 2013 to 2023, the beef meat slaughtering industry in Chile experienced fluctuating trends. Slaughter volumes increased significantly from 2013 to 2014 by 12.87% and modestly in 2015 by 3.41% but saw a decline of 5.54% in 2016. A sharp decrease occurred in 2017 with a 10.84% drop, and although 2018 showed a smaller decline of 3.06%, volumes were down. The industry witnessed some growth in 2019 by 5.63%, but faced a decrease again in 2020 by 7.06%.
In 2021, there was an increase of 4.43%, but subsequent years showed a slight negative trend with a decrease of 0.79% in 2022 and 0.78% in 2023. As of 2023, beef meat slaughtering stood at 760.7 thousand heads. Over the last five years leading up to 2023, the Compound Annual Growth Rate (CAGR) remained relatively flat at 0.18%.
Forecasts from 2024 to 2028 suggest a continuous decline. The average variation per year over this period is predicted to be -0.66% (CAGR), with a total reduction forecasted at 3.26%. Notable indicators include consistent decreases year-on-year, pointing to an ongoing downward trend in beef meat slaughtering volumes.
Future trends to watch for:
- Shifts in beef consumption patterns within Chile which may influence slaughter volumes.
- Potential impacts of environmental policies and sustainability measures on the meat industry.
- Effects of international trade dynamics, especially with major beef importing countries.
- Technological advancements in meat processing and alternative proteins which could disrupt traditional beef production.
